maggie thatcher did it the midst of all environments, arguing that longer term gains would more than justify acute short term pay? >> real serious thing, government spending is taxation, it really is. government doesn't create resources, it redistributes resources. when you should cut unnecessary spending is in the middle of a recession. i know people will tell you it's not true, but it is true. you can't tax an economy out of a recession. you just plain can't. >> neil: and i wanted to get with this into melissa francis into this, whether the first report out of the treasury indicates the whisperings of that. you can't hang your hat on tax hikes and can't be hoping and praying important another internet boom? >> you can't. you have to do a low rate tax and free trade and minimal regulations and get out of the way. the economy will get it out of the sefgs. that is what it is supposed to do. governments aren't the job creators. they set the rules and set the stage and let the private sector handle it. it's unfortunately not what this guy is doing. i hope somewhere along the line we hav